Company Loans to Director-Interested Parties Allowed with Special Resolution u/s 185, Companies Act 2013.

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Full Text of the Document

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....Loans to directors, etc - allows a company to give loan or guarantee or provide security to any person in whom any of the director is interested subject to passing of special resolution by the company and utilisation of loans by the borrowing company for its principal business activities - Section 185 of the Companies Act, 2013....